UTI-Infrastructure Advantage Fund-Series I to open tomorrow

Bangalore, Nov 12 (UNI) UTI-Infrastructure Advantage Fund-Series I of the UTI Mutual Fund will open for public here from tomorrow.

UTI AMC Senior Vice-President S Ganesh told newspersons today that the Series with minimum investment of Rs 5,000 with no upper limit would close on December 19. Units of Rs ten each can be purchased during the New Fund offer period only.

He said "Infrastructure sector plays an important role in country's development and GDP growth. To enable investors to capitalise on the boom in Infrastructure sector the UTI Mutual fund is launching the new scheme".

The scheme would also offer redemption and switch out of units in six months from the closure of the New Fund Offer and thereafter on an ongoing basis at NAV based prices on every business day.